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Freeport-McMoRan (FCX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Freeport-McMoRan (FCX - Free Report) reported $5.76 billion in revenue for the quarter ended December 2022, representing a year-over-year decline of 6.6%. EPS of $0.52 for the same period compares to $0.96 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.34 billion, representing a surprise of +7.81%. The company delivered an EPS surprise of +30%, with the consensus EPS estimate being $0.40.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Freeport-McMoRan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Freeport-McMoRan here>>>
Shares of Freeport-McMoRan have returned +14.7% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.